News
Liberty Syndicates recruits Peter Sprent
Liberty Syndicates Management has recruited political risk and trade credit underwriter, Peter Sprent, from Ace, to lead its Global Financial Risks team.
Swiss Re’s Stefan Lippe to retire early
Swiss Re's chief executive Stefan Lippe is to retire early next year, sparking a race to find a successor who Swiss Re insists will “be appointed soon”.
BAIS names three for expansion
Motor insurance claims handler Broker Assistance Insurance Services has appointed a new broker relationship team as part of its expansion plans.
Bermuda market ‘difficult but promising’
The Bermuda insurance and reinsurance market has weathered pressure on its capital base and faces a promising renewal season AM Best has said.
Equistone (Barclays) sells First Assist
Mid-market private equity firm Equistone Partners Europe - previously Barclays Private Equity - has sold after-the-event insurance provider First Assist Legal Expenses for approximately £28m to Burford Capital.
12 December: Unhappy camper
Having worked hard all year, Mr Policyholder was looking forward to his annual camping holiday.
Central snaps up Edinburgh brokers in £2.3m deal
Central Insurance has announced its second acquisition of the year following the takeover of Edinburgh-based Castle Cairn Insurance Brokers in a deal worth £2.3m.
11 December: Snap-happy sea-lion
Lost or stolen cameras are probably one of the more common travel insurance claims. But the nature of this one was slightly more imaginative than the usual.
10 December: Ram raid
The peace and tranquillity enjoyed by Mr Policyholder on his Scottish holiday was brought to an abrupt end by an anti-social sheep.
Axa announce five year Avantia deal
Axa Personal Lines has secured five year deal with intermediary Avantia to underwrite non-standard household insurance.
Carole Nash welcomes new head of compliance and risk
Motorbike insurance broker Carole Nash has hired Lisa Canning as the head of compliance and risks.
MCE appoints IT boss
MCE Insurance has hired Richard Impett as IT manager at its Northamptonshire-based headquarters.
Fitch keeps ING Verzekeringen on negative watch
Fitch Ratings is keeping ING Verzekeringen NV and its subsidiaries on rating watch negative.
ASR operating entities 'A-' rating affirmed
Fitch has affirmed the ‘A-’ insurer financial strength rating and ‘BBB+’ long-term issuer default rating of Dutch insurers ASR Levensverzekering NV and ASR Schadeverzekering NV
Scottish storm: GAB Robins receives building damage claims
Following gales of up to 165mph recorded yesterday, GAB Robins has received a large number of storm-related claims from weather beaten Scotland, Cumbria, Lancashire and Cornwall.
Emerging markets poll
Will emerging markets continue to grow?
Fonsai misses 2011 target but cut losses by 51%
Italy’s second largest insurance company reported losses of €178.6m in the first nine months of 2011, but avoided the scale of losses that plagued it in first three quarters of 2010.
Erv Italia and TicketOne offer new ticket protection cover
Travel insurance specialist Erv Italia, has partnered entertainment ticketing service provider, Ticket One Spa, to offer a new ticket protection policy.
Final Solvency II deadline for Jan 2014
Insurers will be expected to fully comply with Solvency II by 1 January 2014, according to financial secretary to the Treasury, Mark Hoban MP.
Corfield handed MD role at Ageas Retail
Ageas Retail has confirmed the appointment of Peter Corfield as managing director of the firm’s RIAS and Castle Cover companies.
Scottish storm: Domestic insurers to bear brunt of losses
Domestic household insurers are set to take the brunt of insured losses from the Scottish storm as PwC estimates it could plunge the country’s economy £100m into the red.
Cattolica profits down €20m
Cattolica Società di Assicurazione reported net profit of €41m for the first three quarters of 2011, down €20m compared with the same period in 2010.
Incisive Media chairman joins Esure board in non-exec role
Esure Group Holdings has announced that Incisive Media chairman Dame Helen Alexander has joined the board as deputy chairman.
Tokio Marine suffers $1.3bn Thai flood loss
Tokio Marine Holdings has incurred net claims estimated at $1.3bn from the recent floods in Thailand.